Avendus Capital Advises Celebal Technologies on Its USD 32 mn Fundraise From Norwest Venture Partner

We are excited about our partnership with Norwest Venture Partners, who have an enviable track record of building scaled new-age technology companies globally. They understand our business and are passionate about companies in the next-gen Cloud, Analytics, and AI services segments, In terms of market potential, we feel we’ve just scratched the surface and this partnership will enable us to pursue growth opportunities in the Microsoft and Databricks ecosystem.

Celebal Technologies continues to demonstrate strong, differentiated execution and team culture. The company is laying the foundation for further scale and capturing the very large global market opportunity.

We are bullish on the growth of the digital technology services sector and offshore delivery. With a strong DNA of innovation-led culture and customer-centricity, backed by strong partnerships with Microsoft and Databricks, we are well-positioned to capitalize on new opportunities and serve our fast-growing roster of clients, Norwest's deep business and technology services sector expertise, along with its global portfolio presence, complements Celebal Technologies’ strengths and ability to grow the business in key markets and in new domains like sustainability.

Celebal Technologies is a highly differentiated player in the market and has exhibited industry-leading growth momentum on the back of its exceptional delivery, deep-rooted partnerships and unparalleled customer satisfaction. This investment from Norwest Venture Partners will accelerate the company’s strategy to expand its geographical footprint, build accelerators and enhance its delivery capabilities to become a scaled leader in the market. Anupam and Anirudh’s vision and passion towards scaling a customer centric organization has been impressive and it has been an absolute privilege to partner with them. With this transaction, Avendus solidifies its position as an advisor in the Cloud, Big Data and AI space.